One-Fifth of Bulgarians Believe COVID-19 Threat was Exaggerated
Data from a recent global poll conducted by the world association "Gallup International" represent the diverse perceptions surrounding the threat posed by the coronavirus pandemic
International Monetary Fund Managing Director Kristalina Georgieva said on Monday that the IMF expects the global economic recession in 2020 to be "at least as bad as during the 2008-2009 global financial crisis or worse" .
On the other hand, the IMF expects an economic recovery to follow in 2021, she said, adding that the organization welcomes "extraordinary fiscal actions" and monetary easing measures in many countries that their central banks have decided to take.
"Investors have already removed USD 83 billion from emerging markets since the beginning of the crisis, the largest capital outflow ever recorded. We are particularly concerned about low-income countries in debt distress -- an issue on which we are working closely with the World Bank," Georgieva said.
The IMF is standing ready to deploy all its USD 1 trillion lending capacity, she said, adding that the IMF is looking at other available options.
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According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022